Division 38GST‑free supplies

Start here

Get a plain-English read of Division 38

Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Regulations 2019.

View in full context

Chapter 1—Introduction ## Part 1—Preliminary #### 1 Name This instrument is the A New Tax System (Goods and Services Tax) Regulations 2019. #### 3 Authority (1) Subject to subsection (2), this instrument is made under the A New Tax System (Goods and Services Tax) Act 1999. (2) Part 7‑2 is made under the A New Tax System (Goods and Services Tax Transition) Act 1999. Chapter 2—The basic rules ## Part 2‑5—Registration ### Division 23—Who is required to be registered and who may be registered #### 23‑15.01 Registration turnover threshold (other than for non‑profit bodies) For the purposes of paragraph 23‑15(1)(b) of the Act, the amount of $75,000 is specified. #### 23‑15.02 Registration turnover threshold for non‑profit bodies For the purposes of paragraph 23‑15(2)(b) of the Act, the amount of $150,000 is specified. ## Part 2‑6—Tax periods ### Division 29—What is attributable to tax periods #### Subdivision 29‑C—Tax invoices and adjustment notes #### 29‑80.01 Value of taxable supply for which tax invoice not required For the purposes of subsection 29‑80(1) of the Act, the amount of $75 is specified. #### 29‑80.02 Amount for which adjustment note not required For the purposes of subsection 29‑80(2) of the Act, the amount of $75 is specified. ## Part 2‑7—Returns, payments and refunds ### Division 33—Payments of GST #### 33‑15.01 Object of this Division The object of this Division is to provide for the deferral of payments of amounts of assessed GST on taxable importations. #### 33‑15.01A Circumstances in which payments of assessed GST on taxable importations are deferred For the purposes of paragraph 33‑15(1)(b) of the Act, amounts of assessed GST on taxable importations are to be paid in accordance with section 33‑15.01B of this instrument if both of the following requirements are met: (a) GST returns in relation to the importer are lodged with the Commissioner in the approved form; (b) either: (i) the goods in question are entered for home consumption (within the meaning of the Customs Act 1901) by computer and the importer is an approved entity at the time of the taxable importation; or (ii) the goods in question are taken to have been entered for home consumption for the purposes of the A New Tax System (Goods and Services Tax) Act 1999 under subsection 105D(2) of the Customs Act 1901 and the importer is an approved entity at that time. #### 33‑15.01B Payment (1) An amount of assessed GST on a taxable importation that is payable by an approved entity must be paid to the Commissioner on or before the 21st day after the end of the month in which the liability for the assessed GST arose. (2) Amounts of assessed GST must be paid by electronic payment. #### 33‑15.02 Application for approval An entity may apply to the Commissioner in the approved form for approval to make deferred payments of assessed GST on taxable importations. #### 33‑15.03 Requirements for approval (1) The Commissioner must, in writing, approve an application by an entity if the Commissioner is satisfied that: (a) the entity is registered under Part 2‑5 of the Act; and (b) the entity has an ABN; and (c) if the entity is an individual—the entity is not an undischarged bankrupt; and (d) the tax period applying to the entity is each individual month; and (e) if the entity is a member (but not the representative member) of a GST group—the representative member of the group is an approved entity; and (f) the entity will be able to meet the requirements in sections 33‑15.01A and 33‑15.01B; and (g) the bank guarantee (if any) required under section 33‑15.04 has been provided; and (h) it would not be appropriate to refuse the application under subsection (2), (3) or (4) of this section. (2) The Commissioner may refuse the application if the entity is a Chapter 5 body corporate (within the meaning of section 9 of the Corporations Act 2001). (3) The Commissioner may refuse the application if, in the period of 3 years before the date of the application: (a) the entity; or (b) if the entity is not an individual—an individual who is relevant to the entity’s application; has been convicted by a court, whether in Australia or in another country, of an offence in relation to taxation requirements, customs requirements, the misdescription of goods, trade practices, fair trading or the defrauding of a government. > Note: Part VIIC of the Crimes Act 1914 includes provisions that, in certain circumstances, relieve persons from the requirement to disclose spent convictions and require persons aware of such convictions to disregard them. (4) The Commissioner may refuse the application if the entity, or any of its related entities, has: (a) an outstanding tax‑related liability (within the meaning of section 995‑1 of the Income Tax Assessment Act 1997); or (b) a return outstanding under a taxation law. #### 33‑15.04 Bank guarantee requirement (1) If: (a) an entity applies for approval; and (b) a previous approval of the entity has been revoked under section 33‑15.08 of this instrument or regulation 33‑15.08 of the A New Tax System (Goods and Services Tax) Regulations 1999; the Commissioner may require the entity to provide a bank guarantee in relation to the payment of deferred payments of assessed GST on taxable importations. (2) The guarantee must provide that, if an amount of assessed GST on taxable importations is not paid to the Commissioner on or before the day mentioned in subsection 33‑15.01B(1), the bank will pay to the Commissioner the lesser of: (a) the overdue amount; and (b) the guarantee amount worked out under subsection (3) of this section. (3) The guarantee amount is 1.5 times the highest monthly amount of assessed GST on taxable importations that was payable by the entity: (a) in the 12 months before the application mentioned in paragraph (1)(a) was made; or (b) if no monthly amounts of assessed GST on taxable importations were payable in that 12 months—in the 12 months before the previous approval was revoked. #### 33‑15.05 Decision on application—notice and date of effect (1) If the Commissioner approves an entity’s application, the Commissioner must give the entity written notice of the approval. (2) The approval takes effect on the day specified in the approval. (3) If the Commissioner refuses an entity’s application, the Commissioner must give the entity written notice of the refusal. (4) The notice must: (a) state the reasons for the refusal; and (b) state that the entity has a right under section 33‑15.09 to object against the decision. #### 33‑15.08 Revocation of approval (1) The Commissioner may, in writing, revoke an entity’s approval if the Commissioner is satisfied that: (a) the entity has failed to meet a requirement in section 33‑15.01A or 33‑15.01B; or (b) the entity no longer meets the requirements for approval in section 33‑15.03; or (c) the bank guarantee (if any) provided by the entity under section 33‑15.04 has lapsed; or (d) the entity is liable to pay general interest charge on an amount; or (e) the entity is being prosecuted for, or has been convicted of, an offence under Part III of the Taxation Administration Act 1953. (2) The revocation takes effect on the day specified in the revocation. (3) If the Commissioner revokes an entity’s approval, the Commissioner must give the entity written notice of the revocation. (4) The notice must: (a) state the reasons for the revocation; and (b) state that the entity has a right under section 33‑15.09 to object against the decision. #### 33‑15.09 Review of decisions An entity that is dissatisfied with a decision of the Commissioner to: (a) refuse an application by the entity under section 33‑15.03; or (b) require the entity to provide a bank guarantee under section 33‑15.04; or (c) revoke an approval of the entity under section 33‑15.08; may object against the decision in the manner set out in Part IVC of the Taxation Administration Act 1953. Chapter 3—The exemptions ## Part 3‑1—Supplies that are not taxable supplies ### Division 38—GST‑free supplies #### Subdivision 38‑A—Food #### 38‑3.01 Food additives (1) For the purposes of paragraph 38‑3(1)(e) of the Act, food additives other than exempt food additives are specified. (2) Each of the following is an exempt food additive: (a) a food additive which, at the time of supply is packaged and marketed for retail sale; (b) a food additive which, at the time of supply: (i) has a measurable nutritional value; and (ii) is supplied for use solely or predominantly in the composition of food; and (iii) is essential to the composition of that food. #### 38‑3.02 GST‑free beverages supplied from vending machines For the purposes of subsection 38‑3(2) of the Act, section 38‑3 of the Act does not apply to a supply of a beverage that: (a) is specified in the third column (which is headed “Beverages”) of the table in clause 1 of Schedule 2 to the Act; and (b) apart from this section, would not be GST‑free; and (c) is supplied on premises from a vending machine for consumption on the premises. #### Subdivision 38‑B—Health #### 38‑7.01 Medical services For the purposes of paragraph 38‑7(2)(a) of the Act, clause 1.2.9 (except paragraphs (e), (f) and (g) of that clause) of Schedule 1 to the Health Insurance (General Medical Services Table) Regulations 2021 is prescribed. #### 38‑25.01 Residential care etc. (1) For the purposes of paragraphs 38‑25(1)(a), 38‑25(2)(b) and 38‑25(3)(b) of the Act, a service covered by a provision of Division 8 of the aged care service list is specified to the extent that the supplier of the service does not charge the person to whom the service is supplied a higher everyday living fee (within the meaning of section 284 of the Aged Care Act 2024) for the service. (2) For the purposes of paragraph 38‑25(3)(c) of the Act, the following provisions of the aged care service list are specified: (a) item 2 in the table in section 8‑150; (b) item 3 in the table in section 8‑150; (c) paragraphs (a), (b) and (c) of column 2 of item 5 in the table in section 8‑150; (d) paragraph (a) of column 2 of item 6 in the table in section 8‑150; (e) item 4 in the table in section 8‑155. #### 38‑30.01 Home care etc. For the purposes of paragraph 38‑30(3)(b) of the Act, the provisions of the aged care service list specified in paragraphs 38‑25.01(2)(a) to (d) are specified. #### 38‑45.01 Medical aids and appliances (1) For the purposes of paragraph 38‑45(1)(a) of the Act, supplies of the medical aids and appliances mentioned in the following table are specified. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Medical aids and appliances</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Category</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Medical aid or appliance</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:45.7%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Advanced wound care</td><td style="width:45.72%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) alginate; and(b) hydro colloids; and(c) hydro gel; and(d) polyurethane film; and(e) polyurethane foam</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Communication aids for people with disabilities</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) tracheostomy appliances and accessories; and(b) laryngotomy appliances and accessories</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Continence</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">skin bond</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Daily living for people with disabilities</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) artificial ears; and(b) nose prostheses</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Hearing/speech</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">hearing loops</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Infusion systems for the delivery of a measured dose of a medication</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) infusion sets; and(b) infusion pumps</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Mobility of people with disabilities—physical: orthoses</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">compression garments</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Mobility of people with disabilities—physical: prostheses</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">supplements and aids associated with mammary prostheses</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Mobility of people with disabilities—physical: seating aids</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">postural support seating</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Mobility of people with disabilities—physical: walking aids</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">accessories associated with walking frames or specialised ambulatory ortheses</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Personal hygiene for people with disabilities</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">customised modifications and accessories for the aids or appliances mentioned in items 111 to 121 of Schedule 3 to the Act</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Respiratory appliances</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">tilt tables</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Stoma</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">stoma products including all bags and related equipment for patients with urostomies</td></tr></tbody></table> ``` (2) Section 182‑15 of the Act applies in relation to the second column of the table in subsection (1) of this section as if that column were the second column of the table in Schedule 3 to the Act. > Note: The second column in the table in subsection (1) of this section and the second column of the table in Schedule 3 to the Act are both headed “Category”. #### Subdivision 38‑E—Exports and other cross‑border supplies #### 38‑185.01 Export of goods by travellers as accompanied baggage Schedule 1 specifies rules for the purposes of item 7 of the table in subsection 38‑185(1) of the Act. ### Division 40—Input taxed supplies #### Subdivision 40‑A—Financial supplies #### 40‑5.01 Object of Subdivision 40‑A The object of this Subdivision is to identify supplies that are financial supplies. > Note 1: For the meaning of supply, see section 9‑10 of the Act. > Note 2: Subsection 40‑5(2) of the Act provides that financial supply has the meaning given by this instrument. #### 40‑5.05 Acquisition In this Division, acquisition, in relation to the provision or disposal of an interest, includes acceptance and receipt of the interest. #### 40‑5.06 Financial supply providers (1) An entity, in relation to the supply of an interest that was: (a) immediately before the supply, the property of the entity; or (b) created by the entity in making the supply; is the financial supply provider of the interest. > Note 1: Examples of interests to which paragraph (a) applies are: (a) a share or bond that is sold; and (b) rights assigned under a derivative. > Note 2: Examples of interests to which paragraph (b) applies are: (a) a share or bond that is issued; and (b) a derivative that is entered into. (2) The entity that acquires that interest is also the financial supply provider of the interest. #### 40‑5.07 Financial supply facilitators A financial supply facilitator, in relation to the supply of an interest, is an entity facilitating the supply of the interest for a financial supply provider. #### 40‑5.08 When supply may be financial supply For the purposes of subsection 40‑5(2) of the Act, a supply is a financial supply if: (a) the supply is a financial supply under section 40‑5.09 and is not excluded by section 40‑5.12; or (b) the supply is an incidental financial supply under section 40‑5.10. #### 40‑5.09 What supplies are financial supplies (1) The provision, acquisition or disposal of an interest mentioned in subsection (3) is a financial supply if: (a) the provision, acquisition or disposal is: (i) for consideration; and (ii) in the course or furtherance of an enterprise; and (iii) connected with the indirect tax zone; and (b) the supplier is: (i) registered or required to be registered; and (ii) a financial supply provider in relation to supply of the interest. (2) However, if Division 84 (offshore supplies) of the Act applies to the provision, acquisition or disposal of an interest mentioned in subsection (3), the provision, acquisition or disposal is a financial supply to the extent that it would, apart from subparagraphs (1)(a)(iii) and (b)(i), be a financial supply. (3) For the purposes of subsections (1) and (2), the interest is an interest in or under a matter mentioned in an item in the following table. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Financial supplies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An interest in or under …</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An account made available by an Australian ADI in the course of:(a) its banking business within the meaning of the Banking Act 1959; or(b) its State banking business</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A debt, credit arrangement or right to credit, including a letter of credit</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A charge or mortgage over real or personal property</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A regulated superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme within the meaning of the Superannuation Industry (Supervision) Act 1993, or a retirement savings account within the meaning of the Retirement Savings Accounts Act 1997</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An annuity or allocated pension</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A life insurance business (within the meaning of the Life Insurance Act 1995):(a) which consists of the issuing of life policies (within the meaning of that Act); or(b) to which a declaration under subsection 12(2) or section 12A of that Act applies;or related reinsurance business</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A guarantee</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7A</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An indemnity that holds a person harmless from any loss as a result of a transaction the person enters with a third party</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Credit under a hire purchase agreement entered into before 1 July 2012 in relation to goods, if:(a) the credit for the goods is provided for a separate charge; and(b) the charge is disclosed to the recipient of the goods</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) Australian currency; or(b) foreign currency; or(c) one or more digital units of value to which paragraphs (a) to (f) of the definition of digital currency in section 195‑1 of the Act apply; or(d) an agreement to buy or sell a thing to which paragraph (a), (b) or (c) of this item applies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Securities, including:(a) a debenture described in paragraph (a), (b), (c), (e) or (f) of the definition of debenture in section 9 of the Corporations Act 2001; and(b) a document issued by an individual that would be a debenture if it were issued by a body corporate; and(c) a scheme described in paragraph (e), (i) or (m) of the definition of managed investment scheme in section 9 of the Corporations Act 2001; and(d) the capital of a partnership or trust</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A derivative</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An account made available by a non‑resident in the course of carrying on banking business (within the meaning of the Banking Act 1959) in a foreign country in which the entity is authorised under the law of that country to carry on banking business</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A foreign superannuation fund (within the meaning of the Income Tax Assessment Act 1997)</td></tr></tbody></table> ``` > Note 1: If something is within the scope of both an item in the table in this subsection and an item in the table in section 40‑5.12, it will not be a financial supply (see paragraph 40‑5.08(a)). > Note 2: Subparagraph (1)(b)(ii) has the effect that a supply by a financial supply facilitator is not a financial supply. > Note 3: Supply of something that is mentioned in more than one item in the table in this subsection will still be a financial supply. (4) A supply by an Australian ADI for a fee of not more than $1,000 is a financial supply if: (a) item 1 of the table in subsection (3) does not apply to the supply because the recipient of the supply does not have an account with the ADI but the item would have applied to the supply if the recipient had an account with the ADI; or (b) the fee relates to an application to the ADI that, if accepted, would result in the creation of an account by the ADI. > Note: Example 1: For paragraph (a), electronic transfer to another Australian ADI for a person who does not hold an account with the ADI. > Note: Example 2: For paragraph (b), a loan application fee. (5) A supply by an entity for a fee of not more than $1,000 is a financial supply if it is a supply of one or more of the following ATM services: (a) a withdrawal from an account; (b) a deposit into an account; (c) an electronic transfer from an account; (d) advice of the balance of an account. (6) A reference in item 10 of the table in subsection (3) to a security does not include a security in relation to which an entity is given a right to participate in a barter scheme under which each participant may obtain goods or services from another participant for consideration that is wholly or substantially in kind rather than in cash. #### 40‑5.10 Incidental financial supplies If something is supplied by an entity to a recipient directly in connection with a financial supply to the recipient by the entity, the thing is an incidental financial supply if: (a) it is incidental to the financial supply; and (b) it and the financial supply are supplied, at or about the same time, but not for separate consideration; and (c) it is the usual practice of the entity to supply the thing, or similar things, and the financial supply together in the ordinary course of the entity’s enterprise. > Note: Section 40‑5.12 does not apply in relation to incidental financial supplies. As a result, if something is both an incidental financial supply and within the scope of an item in the table in section 40‑5.12, it will still be a financial supply. > Note: Example: Advice, for which a separate charge is not made, in relation to a housing loan. #### 40‑5.11 Examples of supplies that are financial supplies (1) Schedule 2 sets out examples of supplies that relate to matters mentioned in the table in subsection 40‑5.09(3). (2) If an example in Schedule 2 is inconsistent with any other provision of this instrument, the provision prevails. > Note 1: The examples are not to be taken as exhaustive. See section 15AD of the Acts Interpretation Act 1901. > Note 2: Something that is within the scope of an item in the table in subsection 40‑5.09(3) can be a financial supply even if it is not mentioned as an example in Schedule 2. #### 40‑5.12 What supplies are not financial supplies For the purposes of subsection 40‑5(2) of the Act, a supply mentioned in section 40‑5.09 of this instrument is not a financial supply if it is the supply of something, or an interest in or under something, that is mentioned in an item in the following table. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies that are not financial supplies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supply of, or supply of an interest in or under …</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Cheque and deposit forms and books supplied to an Australian ADI in connection with an account mentioned in item 1 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Special forms, or overprinting of standard forms, by an Australian ADI to the requirements of particular account holders in connection with an account mentioned in item 1 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Professional services, including information and advice, in relation to a financial supply</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A payment system, except to the extent that it is digital currency</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Stored value facility cards and prepayments not linked to accounts provided by an Australian ADI in connection with an account mentioned in item 1 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Goods in accordance with agreements under which the goods are supplied under a lease, if:(a) the lessees have no obligation or option to acquire the rights of the lessors in the goods; or(b) the lessors dispose of their rights in the goods to the lessees</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An option, right or obligation to make a taxable supply or acquire something the supply of which is a taxable supply, except a mortgage or charge mentioned in item 3 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A supply made as a result of the exercise of an option or right, or the performance of an obligation, to make taxable supply or acquire something the supply of which is a taxable supply, including an option, right or obligation under a mortgage or charge mentioned in item 3 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Facilities for:(a) trading securities or derivatives; and(b) clearance and settlement of those trades</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Insurance and reinsurance business, except life insurance business mentioned in item 6 of the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Broking services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Management of the assets or liabilities of another entity, including investment portfolio management and administration services for trusts or superannuation, pension or annuity funds</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Debt collection services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">14</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Sales accounting services under a factoring arrangement, or an arrangement having the same effect as a factoring arrangement</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">15</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trustee services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">16</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Custodian services in relation to money, digital currency, documents and other things</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">17</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) Australian currency, or foreign currency, the market value of which exceeds its stated value as legal tender; or(b) an agreement to buy or sell currency to which paragraph (a) applies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">18</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">An arrangement for the provision of goods to an entity for display or demonstration pending disposal of the goods to a third party</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">19</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Goods supplied under a hire purchase agreement entered into on or after 1 July 2012</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">20</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Credit under a hire purchase agreement entered into on or after 1 July 2012</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">21</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">A warranty for goods</td></tr></tbody></table> ``` > Note 1: If something is within the scope of both an item in the table in subsection 40‑5.09(3) and an item in the table in this section, it will not be a financial supply (see paragraph 40‑5.08(a)). > Note 2: This section does not apply in relation to incidental financial supplies. As a result, if something is both an incidental financial supply and within the scope of an item in the table in this section, it will still be a financial supply. > Note 3: Sections 7‑1 and 9‑70 of the Act, and this section in respect of items 7 and 8 of the table in this section, have the effect that GST is payable on the premium (if any) on a taxable deliverable commodity derivative and the price on settlement when the commodity is delivered. #### 40‑5.13 Examples of supplies that are not financial supplies (1) Schedule 3 sets out examples of supplies mentioned in section 40‑5.12. (2) If an example in Schedule 3 is inconsistent with any other provision of this instrument, the provision prevails. > Note: The examples are not to be taken as exhaustive. See section 15AD of the Acts Interpretation Act 1901. Chapter 4—The special rules ## Part 4‑1—Special rules mainly about particular ways entities are organised ### Division 48—GST groups #### Subdivision 48‑A—Formation and membership of GST groups #### 48‑10.01 Trust distribution and beneficiaries For the purposes of this Subdivision, if the trustee of a trust distributes income or capital of the trust in such a way that another entity receives the income or capital indirectly through one or more interposed trusts or companies: (a) the trustee is taken also to distribute the income or capital to the other entity; and (b) the other entity is taken also to be a beneficiary of the trust. #### 48‑10.02 Membership requirements for partnerships (1) For the purposes of subparagraph 48‑10(1)(a)(ii) of the Act, this section sets out the requirements that a partnership must satisfy. > Note: The partnership must also satisfy other membership requirements set out in section 48‑10 of the Act. (2) If the GST group or proposed GST group includes entities other than partnerships, the partnership must satisfy the requirements of subsection (4), (5), (6) or (7). (3) If the GST group or proposed GST group consists only of partnerships: (a) there are no further requirements for one of the partnerships; and (b) each other partnership must satisfy the requirements of subsection (7). Requirements that may be satisfied (4) The partnership satisfies the requirements of this subsection if, for at least one company that is a member of the GST group or proposed GST group: (a) the partnership has at least a 90% stake in the company (worked out in accordance with section 190‑5 of the Act as if the partnership were a company); or (b) shares of the company are held in such a way that: (i) if there is one shareholder—the shareholder is an associated person in relation to a partner in the partnership; and (ii) if there is more than one shareholder—at least 2 shareholders are associated persons in relation to different partners in the partnership. (5) The partnership satisfies the requirements of this subsection if each partner in the partnership is: (a) an individual who is a member of the GST group or proposed GST group; or (b) a family member of such an individual. (6) The partnership satisfies the requirements of this subsection if, for at least one trust that is a member of the GST group or proposed GST group, the beneficiaries include at least 2 persons who are associated persons in relation to different partners in the partnership. (7) The partnership (the candidate partnership) satisfies the requirements of this subsection if: (a) there is a partnership (the member partnership) that is a member of the GST group or proposed GST group because of: (i) paragraph (3)(a) or subsection (4), (5) or (6); or (ii) this subsection, including the repeated application of this subsection; and (b) each partner in the candidate partnership is an individual, a family trust of an individual or a family company of an individual; and (c) for each partner in the candidate partnership that is an individual, a family trust of an individual or a family company of an individual, one of the following is a partner in the member partnership: (i) the individual; (ii) a family trust of the individual; (iii) a family company of the individual; (iv) a family member of the individual; (v) another individual for whom the first individual is a family member; (vi) a family trust of a family member mentioned in subparagraph (iv) or the other individual mentioned in subparagraph (v); (vii) a family company of a family member mentioned in subparagraph (iv) or the other individual mentioned in subparagraph (v); and (d) at least 2 of the partners in the candidate partnership comply with paragraph (c) through different partners in the member partnership (whether or not they also comply through the same partner in the member partnership). #### 48‑10.03 Membership requirements for trusts (1) For the purposes of subparagraph 48‑10(1)(a)(ii) of the Act, the following are the requirements that a trust must satisfy: (a) if the GST group or proposed GST group consists only of fixed trusts—either the requirement set out in subsection (2) or the alternative requirements set out in section 48‑10.03A; (b) in any other case—the requirement set out in subsection (2). > Note: The trust must also satisfy other membership requirements set out in section 48‑10 of the Act. Requirements that may be satisfied (2) One of the following must be satisfied for the trustee of the trust (the candidate trustee): (a) the candidate trustee has at least a 90% stake in a company that is a member of the GST group or proposed GST group (worked out in accordance with section 190‑5 of the Act as if the trustee were a company); (b) the candidate trustee distributes any income or capital of the trust only to beneficiaries that are permitted beneficiaries (whether or not other distributions could lawfully be made); (c) the candidate trustee is the sole beneficiary of any distribution of income or capital by the trustee of another trust that is a member of the GST group or proposed GST group; (d) the candidate trustee distributes income or capital of the trust, and the trustee of another trust that is a member of the GST group or proposed GST group distributes income or capital of the other trust, only to persons who are all family members of the same individual (whether or not other distributions could lawfully be made). > Note: Distributions to beneficiaries may be direct or indirect (section 48‑10.01). (3) Each of the following is a permitted beneficiary: (a) a company that is a member of the GST group or proposed GST group; (b) an endorsed charity or a gift‑deductible entity; (c) an individual who is a member of the GST group or proposed GST group; (d) a family member of an individual who is a member of the GST group or proposed GST group; (e) a trustee of a trust that is a member of the GST group or proposed GST group. (4) For a company that is a member of the GST group or proposed GST group, each associated person in relation to a shareholder of the company is also a permitted beneficiary if: (a) for a company with one shareholder—the beneficiaries of the trust include an associated person in relation to the shareholder; and (b) for a company with more than one shareholder—the beneficiaries of the trust include at least 2 beneficiaries who are associated persons in relation to different shareholders. (5) For a partnership that is a member of the GST group or proposed GST group, each associated person in relation to a partner in the partnership is also a permitted beneficiary if the beneficiaries of the trust include at least 2 beneficiaries who are associated persons in relation to different partners. #### 48‑10.03A Alternative membership requirements for groups of fixed trusts (1) This section sets out the alternative requirements mentioned in paragraph 48‑10.03(1)(a) for a trust to satisfy in relation to a GST group or proposed GST group that consists only of fixed trusts. > Note: The fixed trust must also satisfy other membership requirements set out in section 48‑10 of the Act. (2) The fixed trust must be a member of the same 90% owned trust group as all other fixed trusts in that group. (3) For the purposes of this section: (a) two fixed trusts are members of the same 90% owned trust group if: (i) the trustee of one of the trusts has at least a 90% trust stake in the other trust; or (ii) the trustee of a third trust has at least a 90% trust stake in each of the 2 trusts; and (b) the trustee of a fixed trust (the head trust) has at least a 90% trust stake in another fixed trust (the sub‑trust) if the trustee: (i) owns at least 90% of the issued units in the sub‑trust (whether directly or indirectly through one or more interposed trusts or companies); and (ii) has the right to receive at least 90% of any distribution of capital or income of the sub‑trust. #### 48‑10.04 Membership requirements for individuals (1) For the purposes of subparagraph 48‑10(1)(a)(ii) of the Act, this section sets out the requirements that an individual must satisfy. > Note: The individual must also satisfy other membership requirements set out in section 48‑10 of the Act. (2) The individual must satisfy the requirements of subsection (3), (4) or (5). Requirements that may be satisfied (3) The individual satisfies the requirements of this subsection if, for at least one company that is a member of the GST group or proposed GST group: (a) the individual has at least a 90% stake in the company (worked out in accordance with section 190‑5 of the Act as if the individual were a company); or (b) each shareholder of the company is either the individual or a family member of the individual. (4) The individual satisfies the requirements of this subsection if, for at least one partnership that is a member of the GST group or proposed GST group, the partners of the partnership are: (a) the individual and one or more family members of the individual; or (b) family members of the individual. (5) The individual satisfies the requirements of this subsection if, for at least one trust that is a member of the GST group or proposed GST group: (a) the beneficiaries of the trust include either or both of the individual and family members of the individual; and (b) the trustee of the trust distributes income or capital of the trust only to permitted beneficiaries. ### Division 51—GST joint ventures #### Subdivision 51‑A—Formation of and participation in GST joint ventures #### 51‑5.01 Specified purposes for GST joint ventures (1) for the purposes of paragraph 51‑5(1)(a) of the Act, each of the following purposes are specified: (a) research and development; (b) the provision of insurance, other than life insurance; (c) fishing; (d) agriculture; (e) cultivation, or exploitation, of timber; (f) design, or building, or maintenance, of residential or commercial premises; (g) civil engineering, including the design, construction and maintenance of roads, railways, bridges, canals, dams, ports, harbours, airports and similar installations; (h) generation, or transmission, or distribution, of electricity; (i) transmission, or distribution, of water; (j) receipt, or storage, or distribution, of oil and gas products; (k) refining, or processing, of oil and gas products; (l) beneficiation of minerals and primary metal production, including alloy production; (m) charitable activities; (n) transportation. (2) If a joint venture is a joint venture for more than one of the purposes specified in subsection (1) or paragraph 51‑5(1)(a) of the Act, the combination of those purposes is specified as a purpose. ## Part 4‑2—Special rules mainly about supplies and acquisitions ### Division 70—Financial supplies (reduced credit acquisitions) #### 70‑5.01 Objects of this Division The objects of this Division are: (a) to specify the kind of acquisitions that relate to making financial supplies that can give rise to an entitlement to a reduced input tax credit; and (b) to specify the percentage to which the input tax credit is reduced. #### 70‑5.01A Meaning of closely related An enterprise is closely related to another enterprise if any of the following conditions apply: (a) both enterprises are carried on by the same entity; (b) one enterprise is carried on by a 100% subsidiary of the entity that carries on the other enterprise; (c) both enterprises are carried on by 100% subsidiaries of the same entity. #### 70‑5.02 Acquisitions that attract reduced input tax credits: general (1) For the purposes of subsection 70‑5(1) of the Act, an acquisition mentioned in the following table that relates to making financial supplies can give rise to an entitlement to a reduced input tax credit. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Reduced credit acquisitions—general</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Acquisition</td></tr></thead><tbody><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Transaction banking and cash management services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The service of opening, issuing, closing, operating, maintaining or performing a transaction in respect of an account by a financial supply facilitator, including by using the following facilities:(a) telephone banking;(b) internet banking;(c) Bank@Post</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Processing services in relation to account information for account providers, including the following:(a) archives storage, retrieval and destruction services;(b) statement processing and bulk mailing;(c) processing and manipulation of information relating to accounts, including information about transactions to which item 7 applies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Acquisition of transaction cards by card account providers</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Acquisition of passbooks, deposit and withdrawal forms and cheques and chequebooks by account providers</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Processing services in relation to account applications for account providers, including providing credit reference and credit scoring assessments</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Payment and fund transfers services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies to which the following payment system fees relate:(a) fees charged by the operator of a payment system to a participant in the system;(b) fees charged by a participant in a payment system to a third party in relation to access to the system;(c) fees charged between participants in a payment system</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Processing, settling, clearing and switching transactions of the following kinds:(a) direct credit and debit;(b) other credit and debit transactions;(c) charge, credit and debit card transactions;(d) cheque;(e) electronic funds transfer;(f) ATM;(g) BPAY;(h) internet banking;(i) Bank@Post;(j) the SWIFT (Society for Worldwide Interbank Financial Telecommunications) Payment Delivery System</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Services to a third party mentioned in paragraph (b) in item 6, including:(a) processing of account data; and(b) electronic payment services</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Securities transactions services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Arrangement, by a financial supply facilitator, of the provision, acquisition (within the meaning of Division 40) or disposal of an interest in a security, including the following:(a) order placement and trade execution;(b) clearance and settlement of trades;(c) management of the issue of securities, including rights and bonus issues;(d) arranging flotations and privatisations;(e) arranging mergers and acquisitions;(f) arranging takeover bids;(g) performing a settlement, including issue of drafts and encashment;(h) other securities transactions, including lodgement, withdrawal and exchange control;(i) underwriting, except a matter that is described in the table in subsection 40‑5.09(3)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Securities and unit registry services to securities and unit issuers, including the following:(a) managing portfolios of assets;(b) allotting of share issues;(c) making dividend payments;(d) receiving applications for issue of shares;(e) performing a redemption or capital repayment;(f) placing scrip orders;(g) bonus issues;(h) scrip settlement;(i) client account processing;(j) transaction processing and recording;(k) handling investor inquiries</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Loans services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following supplies by a financial supply facilitator:(a) loan agency services;(b) provision of a loan facility;(c) mortgage broking;(d) arranging syndicated loans;(e) introducing and broking</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Lenders mortgage and title insurance</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12A</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Lenders mortgage reinsurance</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Loan protection insurance</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">14</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following loan application, management and processing services:(a) loan origination and brokerage;(b) settlement and discharge of loans, including document preparation;(c) registration of loan documents;(d) credit reference assessment and credit scoring analysis;(e) valuations;(f) property title searches;(g) registration and certification of titles;(h) mortgage variations, including name changes;(i) lodging and removing caveats to titles</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">15</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following loan management services:(a) processing of repayments;(b) statement preparation;(c) filing and requisitioning of loan file records</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Credit union services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">16</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supply to a credit union by:(a) an entity that is wholly owned by 2 or more credit unions; or(b) an entity that is wholly owned by an entity mentioned in paragraph (a)</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Debt collection services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">17</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following debt collection services:(a) debt recovery;(b) litigation;(c) lodgement of documents;(d) management by a financial supply facilitator of the recovery of sums due by borrowers</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Asset based finance services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">18</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Arrangement by a financial supply facilitator of hire purchase to which item 8 in the table in subsection 40‑5.09(3) applies</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trade finance services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">19</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trade finance transaction processing and recording</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">20</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trade finance remittance services</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Capital markets and financial instruments services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">21</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Arrangement by a financial supply facilitator of any of the following:(a) the supply of a derivative or foreign currency, or an agreement to buy or sell foreign currency;(b) the sale of a forward contract;(c) the supply of digital currency, or an agreement to buy or sell digital currency</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">22</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Transaction processing, account maintenance and report generation services provided to any of the following:(a) suppliers of derivatives;(b) suppliers of foreign currency, or an agreement to buy or sell foreign currency;(c) suppliers of digital currency, or an agreement to buy or sell digital currency</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Funds management services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">23</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following investment portfolio management functions, including those functions for superannuation schemes:(a) management of a client’s asset portfolio;(b) management of an investment portfolio for a trust or superannuation fund;(c) acting as a trustee of a trust or superannuation fund;(d) acting as a single responsible entity;(e) asset allocation services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">24</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following administrative functions in relation to investment funds, including those functions for superannuation schemes:(a) maintaining member and employer and trustee records and associated accounting;(b) processing of applications, contributions, benefits and distributions;(c) processing transfers between funds and trusts;(d) production of reports, statements and forms and distribution to members, employers and trustees;(e) handling of inquiries and complaints made by members;(f) archives storage, retrieval and destruction services;(g) statement processing and bulk mailing;(h) compliance with industry regulatory requirements, excluding taxation and auditing services;(i) processing and assessing claims under life insurance policies</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Insurance services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">25</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Brokerage of general or life insurance</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">26</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following life insurance administration services provided for a life insurer:(a) maintaining policyholder records and associated accounting;(b) processing of premiums and benefits;(c) processing and assessing claims under policies;(d) production of reports, statements and forms and distribution to policyholders, including statement processing and bulk handling;(e) handling of inquiries and complaints made by policyholders;(f) archives storage, retrieval and destruction services;(g) processing and assessing applications;(h) compliance with industry regulatory requirements, excluding taxation and auditing services;(i) managing reinsurance requirements</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Services remunerated by commission and franchise fees</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">27</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies for which financial supply facilitators are paid commission by financial supply providers</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">28</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies provided by financial supply facilitators to franchisors, for which the facilitators are paid a franchise fee</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trustee and custodial services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">29</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Trustee and custodial services (except safe custody of money, documents and other things), including the following:(a) transfer of cash without purchase, sale or transfer of assets, excluding cash delivery and collection from branches of Australian ADIs;(b) undertaking and settling of securities transactions by a financial supply facilitator;(c) collecting income and other payments;(d) registration of interests and rights;(e) proxy voting;(f) exercise of options and warrants;(g) opening and maintaining accounts with Australian ADIs;(h) nominee services in relation to financial supplies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">30</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The following master custody services:(a) maintenance of accounting records;(b) taxation reporting;(c) mandate monitoring;(d) trade execution monitoring;(e) portfolio performance analysis;(f) risk management reporting</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">31</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Single responsible entity services</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies to recognised trust schemes</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">32</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supplies acquired by a recognised trust scheme, to the extent that:(a) the supplies are acquired on or after 1 July 2012; and(b) the supplies acquired are not:(i) a supply by way of sale of goods, or a supply of real property, made by selling a freehold interest in land, selling a stratum unit or granting or selling a long‑term lease; or(ii) a brokerage service covered by item 9 or 21; or(iii) a service covered by paragraph (a), (b) or (e) of item 23; or(iv) a service covered by paragraph (a), (b), (c), (d), (e), (f), (g) or (i) of item 24; or(v) a custodial service covered by item 29; or(vi) a master custody service covered by item 30; or(vii) a monitoring or reporting service covered by item 33</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Monitoring services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">33</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Monitoring and reporting services (other than taxation and auditing services) that:(a) are acquired on or after 1 July 2012; and(b) are required for compliance with the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006</td></tr></tbody></table> ``` > Note: These are reduced credit acquisitions: see subsection 70‑5(1) of the Act. (2) However, something that is used in making a reduced credit acquisition is not, for that reason, a reduced credit acquisition. > Note: Example 1: Information technology services used for brokerage services. > Note: Example 2: Labour hire services used for life insurance administration services. #### 70‑5.02A Acquisitions that attract reduced input tax credits: certain offshore supplies (1) For the purposes of subsection 70‑5(1) of the Act, an acquisition mentioned in subsection (3) of this section that relates to making financial supplies can give rise to an entitlement to a reduced input tax credit if: (a) the supply or transfer that gives rise to the acquisition (the relevant supply) consists of: (i) the transfer of something to an enterprise in the indirect tax zone (a receiving enterprise) from an enterprise outside the indirect tax zone (a supplying enterprise); or (ii) the doing of something for a receiving enterprise by a supplying enterprise; and (b) the relevant supply is a taxable supply because of section 84‑5 of the Act (including a supply that is not connected to the indirect tax zone because of section 84‑15 of the Act); and (c) the receiving enterprise and the supplying enterprise are closely related. (2) In determining the reduced credit acquisition, the price of the relevant supply is reduced by the amount passed on by the supplying enterprise to the receiving enterprise for any unabsorbed contribution. (3) The acquisitions are set out in the following table. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Reduced credit acquisitions—certain offshore supplies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Acquisition</td></tr></thead><tbody><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Senior executive management</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of senior management services, including the following:(a) corporate strategy and development;(b) investment strategy and performance measurement functions;(c) profit or business centre performance support</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of support systems associated with the provision of senior management services</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Human resources support</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of human resources support services, including the following:(a) general advice and planning;(b) recruitment assistance;(c) compensation advice and management;(d) training</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Processing and maintenance of employee data and files</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Corporate marketing and communications</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of corporate information and communication services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of marketing administration and media support services</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Financial management</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Performance of financial management service functions, including the following:(a) tax law compliance;(b) corporate treasury operations;(c) financial control (including statutory reporting and accounting policy);(d) general ledger account reporting functions, including paying and processing invoices and payment instructions;(e) internal audit functions;(f) management reporting systems;(g) setting intrabank transfer pricing policy;(h) corporate insurance;(i) centralised payroll functions</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Supply procurement and management</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Process and management services for the procurement of supplies</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Credit, operational and risk management</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Establishment and application of credit policy</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Development, establishment and application of policies, monitoring systems and procedures to manage market and operational risk</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Development and application of security processes related to fraud prevention</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Relationship management</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of supervision, monitoring and management services in support of client relationships</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">In‑house legal services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of legal services, including:(a) company secretary functions; and(b) regulatory and legal compliance</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Technology systems</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">14</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of systems development and computer programming services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">15</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Maintenance and operation of transaction processing systems (including communications and applications systems)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">16</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Development and maintenance of disaster recovery systems</td></tr><tr><td colspan="2" style="border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Business services</td></tr><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">17</td><td style="width:91.42%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision of transport, security and mail services</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">18</td><td style="width:91.42%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Property management</td></tr></tbody></table> ``` (4) However, something that is used in making a reduced credit acquisition is not, for that reason, a reduced credit acquisition. > Note: Example 1: Consultant’s services used in the provision of recruitment services. > Note: Example 2: Labour hire services used in the provision of security services. (5) The performance by a third party, on behalf of the supplying enterprise or a closely related enterprise of the supplying enterprise, of all or part of the relevant supply is an unabsorbed contribution if: (a) the amount paid or payable, or part of the amount paid or payable, by the supplying enterprise for the performance is passed on by the supplying enterprise to the receiving enterprise as part of the price of the relevant supply; and (b) the enterprise carried on by the third party is not closely related to the supplying enterprise; and (c) the thing that is involved in the performance by the third party retains, at the time of the relevant supply, the substance and character that it had when first purchased, for the purposes of the relevant supply, by the supplying enterprise or an entity that carries on an enterprise that is closely related to the supplying enterprise. > Note: Example: For paragraph (c), legal advice that is given in the following circumstances is an unabsorbed contribution: (a) the advice is acquired by the supplying enterprise from a third party service provider as part of the provision of in‑house legal services by the supplying enterprise to its 100% subsidiary in the indirect tax zone; (b) the external legal service provider is not closely related to the supplying enterprise; (c) the advice is passed on to the 100% subsidiary in the indirect tax zone by the supplying enterprise; (d) the amount paid or payable for the advice is passed on to the 100% subsidiary in the indirect tax zone as part of the price that the supplying enterprise charges for the provision of in‑house legal services. #### 70‑5.02D Prohibition against claiming twice To avoid doubt, an entity is not entitled to a reduced input tax credit under sections 70‑5.02 and 70‑5.02A for the same acquisition. #### 70‑5.03 Percentage to which input tax credits are reduced For the purposes of subsection 70‑5(2) of the Act, the percentage to which an input tax credit is reduced is as follows: (a) for a reduced credit acquisition covered by item 32 of the table in subsection 70‑5.02(1)—55%; (b) for a reduced credit acquisition covered by item 32 and one or more other items of the table in subsection 70‑5.02(1): (i) to the extent that the acquisition is covered by item 32—55%; and (ii) to the extent that the acquisition is not covered by item 32—75%; (c) for all other kinds of reduced credit acquisitions—75%. ### Division 78—Insurance #### 78‑105.01 Statutory compensation schemes For the purposes of paragraph 78‑105(c) of the Act, a scheme or arrangement mentioned in column 1 of an item in the following table established under the law mentioned in column 2 of the item is specified. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Statutory compensation schemes</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 1Scheme or arrangement</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 2Australian law</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:45.7%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Commonwealth government employees workers’ compensation insurance scheme</td><td style="width:45.72%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Safety, Rehabilitation and Compensation Act 1988 (Cth)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">ACT government employees workers’ compensation insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Safety, Rehabilitation and Compensation Act 1988 (Cth)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Rehabilitation and compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Safety, Rehabilitation and Compensation (Defence‑related Claims) Act 1988 (Cth)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Military rehabilitation and compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Military Rehabilitation and Compensation Act 2004 (Cth)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">NSW Treasury Managed Fund</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Government Insurance Office (Privatisation) Act 1991 (NSW)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Sporting injuries insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Sporting Injuries Insurance Act 1978 (NSW)Motor Accidents Compensation Act 1999 (NSW)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">WorkCover scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers Compensation Act 1987 (NSW)Workplace Injury Management and Workers Compensation Act 1998 (NSW)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">General insurance schemes provided by the Victorian Managed Insurance Authority</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Victorian Managed Insurance Authority Act 1996 (Vic.)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ compensation insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Accident Compensation Act 1985 (Vic.)Workers Compensation Act 1958 (Vic.)Workplace Injury Rehabilitation and Compensation Act 2013 (Vic.)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">10</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Statutory insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Queensland Building and Construction Commission Act 1991 (Qld)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">11</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ Compensation and Rehabilitation Act 2003 (Qld)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">12</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ Compensation and Injury Management Act 1981 (WA)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">13</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">RiskCover Fund</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Insurance Commission of Western Australia Act 1986 (WA)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">14</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ rehabilitation and compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Return to Work Act 2014 (SA)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">15</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ compensation insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers Rehabilitation and Compensation Act 1988 (Tas.)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">16</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">WorkCover scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers Compensation Act 1951 (ACT)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">17</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers’ compensation insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Workers Compensation Act 1951 (ACT)</td></tr></tbody></table> ``` ### Division 79—Compulsory third party schemes #### 79‑35.01 CTP ancillary payment or supply For the purposes of paragraph 79‑35(3)(b) of the Act, the following kinds of payments are specified: (a) a payment for medical treatment provided by a medical practitioner; (b) a payment for surgical treatment provided by a medical practitioner; (c) a payment for treatment provided by a registered nurse; (d) a payment for dental treatment; (e) a payment for hospital treatment; (f) a payment for ambulance services; (g) a payment for the conveyance of an injured person to obtain emergency medical treatment; (h) a payment for the cost of travel for a medical practitioner or registered nurse to provide medical treatment; (i) a payment made according to a bulk‑billing arrangement under section 54 of the Motor Accidents Compensation Act 1999 (NSW). > Note: Under section 79‑35 of the Act, the payments mentioned in this section must be made under a compulsory third party scheme. Section 79‑35 sets out other requirements in relation to a CTP ancillary payment or supply. ### Division 81—Payment of taxes, fees and charges #### 81‑10.01 Fees and charges which constitute consideration (1) Subject to section 81‑15.02 of this instrument, for the purposes of subsection 81‑10(2) of the Act, the following kinds of Australian fee or charge are prescribed: (a) a fee for parking a motor vehicle in a ticketed or metered parking space; (b) a toll for driving a motor vehicle on a road; (c) a fee for hire, use of, or entry to a facility, other than an entry fee to a national park; (d) a fee for the use of a waste disposal facility; (e) a fee for pre‑lodgement advice if: (i) the advice relates to an application to which subsection 81‑10(4) of the Act applies; and (ii) it is not compulsory to seek the advice; (f) a fee or charge for the provision of information by an Australian government agency if the provision of the information is of a non‑regulatory nature; (g) a fee or charge for a supply of a non‑regulatory nature; (h) a fee or charge for a supply by an Australian government agency, where the supply may also be made by a supplier that is not an Australian government agency. (2) Despite subsection (1), a fee or charge the payment of which is covered by subsection 9‑17(3) or (4) of the Act is not prescribed. > Note: Australian fee or charge is defined in section 195‑1 of the Act. #### 81‑15.01 Fees and charges which do not constitute consideration Subject to section 81‑15.02 of this instrument, for the purposes of section 81‑15 of the Act, payment of the following kinds of Australian fees and charges, or the discharging of a liability to make such a payment, is not the provision of consideration: (a) a fee or charge for: (i) the kerbside collection of waste; or (ii) the supply, exchange or removal of bins or crates used in connection with kerbside collection of waste; (b) royalties charged in relation to natural resources; (c) a fee or charge imposed on an industry to finance regulatory or other government activities connected with the industry; (d) a fee or charge to compensate an Australian government agency for costs incurred by the agency in undertaking regulatory activities; (e) a fee or charge imposed in relation to a court, tribunal, commission of inquiry or sheriff’s office; (f) a fee or charge for a supply of a regulatory nature made by an Australian government agency; (g) a fee or charge for entry to a national park. #### 81‑15.02 Fees and charges covered by sections 81‑10.01 and 81‑15.01 Fee or charge for a supply of a non‑regulatory nature is not consideration if covered by section 81‑15.01 (1) For the purposes of section 81‑15 of the Act, payment of, or the discharging of a liability to pay, a fee or charge covered by both paragraph 81‑10.01(1)(g) and section 81‑15.01 of this instrument is not the provision of consideration. Other fees or charges covered by section 81‑10.01 are consideration even if covered by section 81‑15.01 (2) Section 81‑15.01 does not apply in relation to an Australian fee or charge covered by subsection 81‑10.01(1) (other than one covered by paragraph 81‑10.01(1)(g)). ## Part 4‑7—Special rules mainly about returns, payments and refunds ### Division 168—Tourist refund scheme #### Subdivision 168‑A—Kinds of acquisitions #### 168‑5.01 Acquisition For the purposes of paragraphs 168‑5(1)(b) and (1A)(b) of the Act, an acquisition that meets the requirements in this Subdivision is specified. > Note: Part of a person’s eligibility for the tourist refund scheme involves making an acquisition: (a) the supply of which is a taxable supply; and (b) that is of a kind specified in this instrument. #### 168‑5.02 Goods to which this Subdivision applies This Subdivision applies to an acquisition of goods the supply of which is a taxable supply, except any of the following goods: (a) tobacco; (b) tobacco products; (c) alcoholic beverages, except wine on which wine tax is taken to have been borne (within the meaning of section 31‑10 of the Wine Tax Act); (d) goods that have been partly consumed at the time at which the acquirer leaves the indirect tax zone. #### 168‑5.03 Registered entity The goods must have been acquired from a registered entity. #### 168‑5.04 Purchase price (1) If one item has been acquired from a registered entity, the purchase price paid by the acquirer must be at least $300. (2) If 2 or more items have been acquired from the same registered entity, the total purchase price paid by the acquirer for the items must be at least $300. #### 168‑5.05 Tax invoice (1) The acquisition may consist of one or more acquisitions from the same registered entity for which the acquirer holds one or more tax invoices. (2) Each acquisition must be accompanied by a tax invoice. #### Subdivision 168‑B—Departure from the indirect tax zone #### 168‑5.05A Leaving the indirect tax zone For the purposes of paragraph 168‑5(1)(c) and subparagraph 168‑5(1A)(e)(ii) of the Act, the circumstances in which the acquirer must leave the indirect tax zone are specified in this Subdivision. > Note: Part of a person’s eligibility for the tourist refund scheme involves leaving the indirect tax zone in circumstances specified in this instrument. #### 168‑5.06 Departure The acquirer must leave the indirect tax zone other than in the course of the acquirer’s employment as: (a) the person in charge or command of an aircraft or ship; or (b) a member of the crew of an aircraft or ship. #### 168‑5.07 Place of departure The acquirer must leave the indirect tax zone at an airport, or seaport, at which the tourist refund scheme is administered. #### Subdivision 168‑C—Export as accompanied baggage #### 168‑5.08 Accompanied baggage For the purposes of paragraph 168‑5(1)(c) of the Act, the circumstances in which the goods must be exported from the indirect tax zone as accompanied baggage are specified in this Subdivision. > Note: Part of a person’s eligibility for the tourist refund scheme involves exporting goods from the indirect tax zone as accompanied baggage in circumstances specified in this instrument. #### 168‑5.09 Time of export The goods must be exported within 60 days after the day on which they were acquired. #### 168‑5.10 Verification of export (1) The acquirer must present to an officer of Customs, on request, at a TRS verification facility: (a) the tax invoice relating to the goods; and (b) as many of the following as are requested: (i) the goods (unless subsection (4) applies); (ii) the acquirer’s passport; (iii) documents that confirm the acquirer’s entitlement to leave the indirect tax zone on an aircraft or ship (for example, the acquirer’s boarding pass or ticket). (2) However, if a TRS verification facility enables an acquirer to lodge a claim for payment, the acquirer may instead: (a) complete a claim for payment; and (b) include the acquirer’s tax invoice with the claim; and (c) lodge the claim for payment at the TRS verification facility. > Note: A TRS verification facility may enable an acquirer to lodge a claim for payment, for example, by placing the claim in a drop box facility. Time for compliance (3) The acquirer must comply with subsection (1) or (2): (a) if the acquirer is leaving the indirect tax zone on an aircraft—at least 30 minutes before the aircraft’s scheduled departure time; or (b) if the acquirer is leaving the indirect tax zone on a ship—at least 60 minutes before the ship’s scheduled departure time. > Note: The scheduled departure time of an aircraft or ship may change, for example, because of a delay. Requirements for checked in goods (4) If the acquirer checks in the goods as accompanied baggage, the tax invoice must be endorsed by an officer of Customs with a statement to the effect that the goods have been checked in. (5) The acquirer must request the endorsement mentioned in subsection (4): (a) before presenting to an officer of Customs at a TRS verification facility; and (b) in the manner and form approved in writing by the Comptroller‑General of Customs. #### Subdivision 168‑D—Export by resident of an external Territory as unaccompanied baggage #### 168‑5.10A Export of goods to an external Territory For the purposes of subparagraph 168‑5(1A)(e)(ii) of the Act, the circumstances in which the goods must be exported to an external Territory are specified in this Subdivision. > Note: Part of a person’s eligibility for the tourist refund scheme involves exporting goods to an external Territory other than as accompanied baggage in circumstances specified in this instrument. #### 168‑5.10B Time of export The goods must be exported within 60 days after the day on which they were acquired. #### 168‑5.10C Verification of export (1) The acquirer must present to an officer of Customs, on request, at a TRS verification facility: (a) the tax invoice relating to the goods; and (b) documentary evidence that the acquirer is an individual to whom paragraph 168‑5(1A)(c) of the Act applies; and (c) documentary evidence that: (i) the goods have been exported to an external Territory; or (ii) arrangements have been made for the exportation of the goods to an external Territory within 60 days after the day on which the goods were acquired. (2) However, if a TRS verification facility enables an acquirer to lodge a claim for payment, the acquirer may instead: (a) complete a claim for payment; and (b) include the following documents with the claim: (i) the acquirer’s tax invoice; (ii) documentary evidence referred to in paragraph (1)(b); (iii) documentary evidence referred to in subparagraph (1)(c)(i) or (ii); and (c) lodge the claim for payment at the TRS verification facility. > Note: A TRS verification facility may enable an acquirer to lodge a claim for payment, for example, by placing the claim in a drop box facility. Time for compliance (3) The acquirer must comply with subsection (1) or (2): (a) if the acquirer is leaving the indirect tax zone on an aircraft—at least 30 minutes before the aircraft’s scheduled departure time; or (b) if the acquirer is leaving the indirect tax zone on a ship—at least 60 minutes before the ship’s scheduled departure time. > Note: The scheduled departure time of an aircraft or ship may change, for example, because of a delay. Requirements for evidence of export (4) If the acquirer presents the evidence mentioned in subparagraph (1)(c)(ii), documentary evidence that the goods have been exported to an external Territory as described in that subparagraph must be given to the Comptroller‑General of Customs within 90 days after the day on which the goods were acquired. #### Subdivision 168‑E—Proportion of amount of GST for payment in cash #### 168‑5.11 Cash payment (1) For the purposes of paragraphs 168‑5(1)(e) and (1A)(g) of the Act, this section applies if: (a) an amount of GST on a taxable supply is to be paid to an acquirer in cash; and (b) the amount of GST is not an exact multiple of 5 cents. (2) The amount of GST is to be rounded up or down to the nearest exact multiple of 5 cents (rounding up if the amount is an exact multiple of 2.5 cents). The result is the proportion of the amount of GST that is to be paid to the acquirer. #### Subdivision 168‑F—Documentation relating to entitlement to payment #### 168‑5.12 Payment authority (1) This section applies if: (a) an acquirer complies with subsections 168‑5.10(1) and (3) or subsections 168‑5.10C(1) and (3) at the request of an officer of Customs; and (b) the officer is satisfied that the acquirer is entitled to be paid an amount under section 168‑5 of the Act. (2) The officer must give the acquirer a payment authority that includes: (a) information identifying the acquirer; and (b) the amount to which the acquirer is entitled. #### Subdivision 168‑G—Period and manner of payment #### 168‑5.14 Processing payment authority given to officer of Customs at airport (1) For the purposes of subsection 168‑5(2) of the Act, this section applies if: (a) an acquirer gives a payment authority to an officer of Customs at a TRS verification facility: (i) that is located at an airport; and (ii) at which facilities exist for making cash payments; and (b) the amount to be paid to the acquirer (including any amount payable to the acquirer, in relation to the acquisition, under section 25‑5 of the Wine Tax Act) is $200 or less. > Note: Facilities for making cash payments to acquirers will only be available at some airports, and will not be available at seaports. (2) If it is practicable to pay cash to the acquirer, the amount must be paid to the acquirer, in Australian currency, before the acquirer leaves the indirect tax zone. (3) If it is not practicable to pay cash to the acquirer, an officer of Customs must make arrangements for the acquirer to lodge the payment authority at a TRS verification facility before leaving the indirect tax zone. > Note: Example 1: A shortage of cash at the TRS verification facility. > Note: Example 2: Passenger congestion that would make it unreasonable to pay cash to each acquirer within the time available. #### 168‑5.15 Processing payment authority lodged at a TRS verification facility (1) For the purposes of subsection 168‑5(2) of the Act, this section applies if an acquirer: (a) lodges a payment authority at a TRS verification facility when the acquirer is leaving the indirect tax zone; and (b) includes with the authority instructions for paying an amount to the acquirer by: (i) crediting the amount to a credit card account or an Australian bank account; or (ii) posting a cheque for the amount to a nominated address. (2) The acquirer must be paid the amount in accordance with the instructions given with the authority. (3) The payment must be made within 60 days after the payment authority is lodged. #### 168‑5.16 Processing payment authority given to Comptroller‑General of Customs (1) For the purposes of subsection 168‑5(2) of the Act, this section applies if: (a) an acquirer posts a payment authority, from a place outside the indirect tax zone, to the Comptroller‑General of Customs; and (b) the acquirer includes with the authority instructions for paying an amount to the acquirer by: (i) crediting the amount to a credit card account or an Australian bank account; or (ii) posting a cheque for the amount to a nominated address; and (c) the Comptroller‑General of Customs receives the authority not later than 30 days after the day on which the payment authority was given to the acquirer. (2) The acquirer must be paid the amount in accordance with the instructions given with the authority. (3) The payment must be made within 60 days after the Comptroller‑General of Customs receives the payment authority. #### 168‑5.17 Processing claim for payment (1) For the purposes of subsection 168‑5(2) of the Act, this section applies if: (a) an acquirer lodges a claim for payment in accordance with subsections 168‑5.10(2) and (3) or subsections 168‑5.10C(2) and (3); and (b) the acquirer includes with the claim instructions for paying an amount to the acquirer by: (i) crediting the amount to a credit card account or an Australian bank account; or (ii) posting a cheque for the amount to a nominated address; and (c) the Comptroller‑General of Customs is satisfied that the acquirer is entitled to be paid an amount under section 168‑5 of the Act. (2) The acquirer must be paid the amount in accordance with the instructions given with the claim. (3) The payment must be made within 60 days after whichever is the later of the following: (a) the day the Comptroller‑General of Customs receives the claim; (b) if the Comptroller‑General of Customs asks the acquirer to give information relating to the claim for payment—the day the Comptroller‑General receives the information. Chapter 6—Interpretation ## Part 6‑3—Dictionary in the Act ### Division 195—Dictionary in the Act #### 195‑1.01 Compulsory third party schemes For the purposes of the definition of compulsory third party scheme in section 195‑1 of the Act, a scheme or arrangement mentioned in column 1 of an item in the following table established under the law mentioned in column 2 of the item is specified. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Compulsory third party schemes</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 1Scheme or arrangement</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 2Australian law</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:45.7%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Compensation scheme for victims of motor accidents</td><td style="width:45.72%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Accidents Act 1988 (NSW)Motor Accidents Compensation Act 1999 (NSW)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Compulsory third party transport accident compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Transport Accident Act 1986 (Vic.)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Statutory insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Accident Insurance Act 1994 (Qld)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Compulsory third party insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Vehicle (Third Party Insurance) Act 1943 (WA)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Third party insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Vehicles Act 1959 (SA)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor accidents insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Accidents (Liabilities and Compensation) Act 1973 (Tas.)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Compulsory third party insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Road Transport (Third‑Party Insurance) Act 2008 (ACT)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7A</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor accident injuries insurance scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Accident Injuries Act 2019 (ACT)</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor accidents compensation scheme</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Motor Accidents (Compensation) Act 1979 (NT)</td></tr></tbody></table> ``` #### 195‑1.02 First aid or life saving course (1) For the purposes of subparagraph (b)(vi) of the definition of first aid or life saving course in section 195‑1 of the Act, the following qualifications are specified: (a) a qualification that was specified for the purposes of that subparagraph by the A New Tax System (Goods and Services Tax) Regulations 1999 immediately before their repeal; (b) a qualification that: (i) is provided under the VET Quality Framework (within the meaning of the National Vocational Education and Training Regulator Act 2011) by a registered training organisation; and (ii) certifies the attainment of each competency mentioned in column 1 of an item in the following table with a unit code mentioned in column 2 of the item. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">First aid or life saving course competencies</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 1Competency</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Column 2Unit code</td></tr></thead><tbody><tr><td style="width:8.58%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:45.7%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Respond to aquatic emergency using basic water rescue techniques</td><td style="width:45.72%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) SISCAQU002; or(b) SISCAQU202A; or(c) SRCAQU003B; or(d) SRCAQU003A</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Instruct water familiarisation, buoyancy and mobility skills</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) SISCAQU008; or(b) SISCAQU308A; or(c) SRCAQU009B; or(d) SRCAQU009A</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Instruct water safety and survival skills</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) SISCAQU009; or(b) SISCAQU309A; or(c) SRCAQU010B; or(d) SRCAQU010A</td></tr><tr><td style="width:8.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:45.7%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Instruct the strokes of swimming</td><td style="width:45.72%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">(a) SISCAQU010; or(b) SISCAQU310A; or(c) SRCAQU011B; or(d) SRCAQU011A</td></tr></tbody></table> ``` (2) It is not necessary for a person to obtain certification of attainment of all the competencies mentioned in column 2 of the table in subsection (1) from the same registered training organisation. #### 195‑1.03 Serviced apartments For the purposes of paragraph (a) of the definition of serviced apartment in section 195‑1 of the Act, the provisions of the aged care service list specified in subsection 38‑25.01(2) are specified. ## Part 6‑4—Dictionary #### 196‑1.01 Definitions > Note: A number of expressions used in this instrument are defined in the Act, including the following: (a) Comptroller‑General of Customs; (b) electronic payment; (c) entity; (d) family member; (e) relevant traveller. In this instrument: > account, except in subsection 40‑5.09(3), means: (a) an account mentioned in item 1 of the table in subsection 40‑5.09(3); or (b) an account in relation to which the account holder (the customer) has the right: (i) to have the account maintained by the account provider (the provider); and (ii) to repayment of the amount credited to the account by the provider; and (iii) to require the provider to act on directions by the customer that are in accordance with the arrangements, or any agreement, between the provider and the customer in relation to operation of the account. > acquirer means a person who acquires goods the supply of which is a taxable supply. > acquisition: (a) has the meaning given in the Act; and (b) in Division 40, also has a meaning affected by section 40‑5.05. > Act means the A New Tax System (Goods and Services Tax) Act 1999. > approved entity means an entity with an approval under section 33‑15.03 to make deferred payments of assessed GST on taxable importations. > APRA means the Australian Prudential Regulation Authority. > associated person means: (a) in relation to a partner in a partnership: (i) if the partner is not an individual—the partner; and (ii) if the partner is an individual—the partner or a family member of the partner; or (b) in relation to a shareholder in a company: (i) if the shareholder is not an individual—the shareholder; and (ii) if the shareholder is an individual—the shareholder or a family member of the shareholder. > ATM means automatic teller machine. > Australian ADI has the meaning given by section 9 of the Corporations Act 2001. > barrier copy, in relation to an invoice, means the copy of the invoice that is attached to the sealed package in which the goods to which the invoice relates are enclosed when the goods are passed into the possession of the relevant traveller. > charge card means an article, commonly known as a charge card, for use in obtaining cash, goods or services by incurring a debt with the issuer of the card. > closely related: see section 70‑5.01A. > credit card: (a) means an article commonly known as a credit card and any similar article for use in obtaining cash, goods or services on credit; and (b) includes an article commonly issued by persons conducting business to their customers, or prospective customers, for use in obtaining goods or services from the business on credit. > credit union means: (a) an Australian ADI listed on the APRA website as a credit union; or (b) an Australian ADI listed on the APRA website as an Australian‑owned bank that: (i) on or before 1 July 2011 was listed on the APRA website as a credit union; and (ii) retains mutuality; and (iii) was listed on the APRA website as a credit union at all times in the period between 1 July 2011 and the time it was listed on the APRA website as an Australian‑owned bank; or (c) the Cairns Penny Savings & Loans Limited (ACN 087 933 757). > Note: A list of Australian ADIs could in 2019 be viewed on APRA’s website (https://www.apra.gov.au/). > customer copy, in relation to an invoice, means the copy of the invoice that is placed inside the sealed package in which the goods to which the invoice relates are enclosed when the goods are passed into the possession of the relevant traveller. > debit card means an article intended for use by an entity in obtaining access to an account held by the entity for the purpose of withdrawing or depositing cash or obtaining goods or services. > derivative means an agreement or instrument the value of which depends on, or is derived from, the value of assets or liabilities, an index or a rate. > disposal, of an interest, includes assignment, cancellation, redemption, transfer and surrender of the interest. > family company, of an individual, means a company each shareholder of which is either the individual or a family member of the individual. > family trust, of an individual, means a trust that distributes income or capital of the trust only to the individual or family members of the individual (whether or not other distributions could lawfully be made). > financial supply facilitator: see section 40‑5.07. > financial supply provider: see section 40‑5.06. > fixed trust has the same meaning as in section 995‑1 of the Income Tax Assessment Act 1997. > foreign currency means a currency other than: (a) Australian currency; or (b) currency that consists of digital units of value to which paragraphs (a) to (f) of the definition of digital currency in section 195‑1 of the Act apply. > incidental financial supply: see section 40‑5.10. > interest means anything that is recognised at law or in equity as property in any form. > LAG product means a liquid, aerosol, gel, cream or paste that is in a container that has a capacity of more than 100 ml. > managed investment scheme has the meaning given by section 9 of the Corporations Act 2001. > mortgage loan means a loan secured by a mortgage over real property. > mortgage scheme means a managed investment scheme that has at least 50% of its non‑cash assets invested in mortgage loans or in one or more other mortgage schemes. > officer of Customs has the meaning given by subsection 4(1) of the Customs Act 1901. > participant, in a payment system, means a person who is a participant in the system in accordance with the rules governing the operations of the system. > payment system means a funds transfer system that facilitates the circulation of money or digital currency, including any procedures that relate to the system. > permitted beneficiary: see subsections 48‑10.03(3), (4) and (5). > provision, of an interest, includes allotment, creation, grant and issue of the interest. > receiving enterprise has the meaning given by subsection 70‑5.02A(1). > recognised trust scheme means a trust that has the following features: (a) the entity that acts in the capacity of trustee or responsible entity of the trust is carrying on, in its own capacity, an enterprise that includes making taxable supplies to the trust; (b) the trust is: (i) a managed investment scheme, or part of a managed investment scheme, other than a securitisation entity or a mortgage scheme; or (ii) an approved deposit fund within the meaning of the Superannuation Industry (Supervision) Act 1993; or (iii) a pooled superannuation trust within the meaning of the Superannuation Industry (Supervision) Act 1993; or (iv) a public sector superannuation scheme within the meaning of the Superannuation Industry (Supervision) Act 1993; or (v) a regulated superannuation fund (other than a self managed superannuation fund) within the meaning of the Superannuation Industry (Supervision) Act 1993. > registered training organisation has the meaning given by section 3 of the National Vocational Education and Training Regulator Act 2011. > related entity means: (a) for an entity that is a member of a GST group—any other member of the GST group; or (b) for an entity that is a joint venture operator for a GST joint venture—any other company that is a participant in the GST joint venture; or (c) for an entity that has a GST branch—any GST branch the entity has; or (d) for an entity that is a GST branch—the parent entity that has the GST branch and any other GST branch the parent entity has. > securities has the meaning given by subsection 92(1) of the Corporations Act 2001. > securitisation entity means a trust that meets the conditions in subsection 820‑39(3) of the Income Tax Assessment Act 1997 at the time of the supply. > Note 1: The relevant supply is mentioned in item 32 of the table in subsection 70‑5.02(1). > Note 2: Whether a trust meets the conditions in subsection 820‑39(3) of the Income Tax Assessment Act 1997 is affected by subsection 820‑39(4) of that Act. > seller includes an employee or agent of a seller. > shareholder of a company that is an unincorporated association means a member of the association. > smart card means an article, commonly known as a smart card, that has the capacity to keep a record of financial transactions using the article. > supplying enterprise has the meaning given by subsection 70‑5.02A(1). > tourist refund scheme means the arrangements set out in Division 168 of the Act. > transaction card means a debit card, charge card, credit card or smart card. > TRS verification facility, in relation to an acquirer who is leaving the indirect tax zone from an airport, or seaport, at which the tourist refund scheme is administered, means the place, at the airport or seaport, at which the scheme is administered. > Note: The tourist refund scheme will not be administered at every airport and seaport in Australia. > unabsorbed contribution: see subsection 70‑5.02A(5). > waste includes green waste and recyclables. Chapter 7—Transitional ## Part 7‑1—Transitional matters ### Division 197—Transitional matters relating to the repeal of the A New Tax System (Goods and Services Tax) Regulations 1999 #### 197‑1.01 Definitions In this Division: > commencement time means the time this section commences. > old regulations means the A New Tax System (Goods and Services Tax) Regulations 1999. > repealing regulations means the Treasury Laws Amendment (Goods and Services Tax) Regulations 2019. #### 197‑1.02 Old regulations continue to apply to tax periods starting before commencement time Despite the repeal of the old regulations by the repealing regulations, the old regulations (other than Division 168 of the old regulations), as in force immediately before the commencement time, continue to apply in relation to working out net amounts for tax periods starting before the commencement time. #### 197‑1.03 Approved forms If: (a) immediately before the commencement time, there was a form approved under section 388‑50 in Schedule 1 to the Taxation Administration Act 1953 for the purposes of a provision of the old regulations; and (b) the form could be approved for the purposes of a corresponding provision of this instrument; the form has effect for the purposes of this instrument as if it had been approved for the purposes of the corresponding provision of this instrument. #### 197‑1.04 Deferred payments of assessed GST on taxable importations Applications under the old regulations (1) Despite the repeal of the old regulations by the repealing regulations, regulations 33‑15.02 to 33‑15.05 and 33‑15.09 of the old regulations, as in force immediately before the commencement time, continue to apply in relation to any application made under regulation 33‑15.02 of the old regulations before the commencement time. Approvals under the old regulations (2) This instrument, other than section 33‑15.05, has effect as if: (a) an application had been approved under section 33‑15.03 at the commencement time in relation to each entity that was, immediately before the commencement time, an approved entity within the meaning of the old regulations; and (b) an application approved after the commencement time under regulation 33‑15.03 of the old regulations as continued in effect under subsection (1) had been approved under section 33‑15.03 at the time of approval. #### 197‑1.05 Tourist refund scheme Despite the repeal of Division 168 of the old regulations by the repealing regulations, that Division, as in force immediately before the commencement time, continues to apply in relation to any goods exported before the commencement time. ## Part 7‑2—Matters relating to the A New Tax System (Goods and Services Tax Transition) Act 1999 ### Division 220—Agreements spanning 1 July 2000 #### Subdivision 220‑A—Meaning of arbitrator #### 220‑1.01 Specified bodies and persons for definition of arbitrator For the purposes of the definition of arbitrator in section 15B of the A New Tax System (Goods and Services Tax Transition) Act 1999, each of the following bodies, and each person who is a member of one of the following bodies, is specified: (a) the Resolution Institute; (b) the Australian Disputes Centre; (c) the CIArb Australia. #### Subdivision 220‑B—Meaning of New Tax System changes #### 220‑5.01 Purpose of this Subdivision This Subdivision prescribes changes for the purposes of paragraph (d) of the definition of New Tax System changes in subsection 15L(3) of the A New Tax System (Goods and Services Tax Transition) Act 1999. #### 220‑5.02 Tobacco excise duty and tobacco customs duty The following changes are prescribed: (a) the change in the tobacco excise duty, as provided for in Excise Tariff Proposal No. 2 (1999); (b) the change in the tobacco customs duty, as provided for in Customs Tariff Proposal No. 6 (1999). #### 220‑5.03 Luxury car tax (1) The introduction of the luxury car tax under the A New Tax System (Luxury Car Tax) Act 1999 is a prescribed change. (2) The imposition of the luxury car tax under the following Acts is a prescribed change: (a) the A New Tax System (Luxury Car Tax Imposition—Customs) Act 1999; (b) the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999; (c) the A New Tax System (Luxury Car Tax Imposition—General) Act 1999. #### 220‑5.04 Wine equalisation tax (1) The introduction of the wine equalisation tax under the A New Tax System (Wine Equalisation Tax) Act 1999 is a prescribed change. (2) The imposition of the wine equalisation tax under the following Acts is a prescribed change: (a) the A New Tax System (Wine Equalisation Tax Imposition—Customs) Act 1999; (b) the A New Tax System (Wine Equalisation Tax Imposition—Excise) Act 1999; (c) the A New Tax System (Wine Equalisation Tax Imposition—General) Act 1999. #### 220‑5.05 Abolition of accommodation levy in NSW The abolition of the accommodation levy in New South Wales on or after 1 July 2000 by section 5A of the Accommodation Levy Act 1997 (NSW) is a prescribed change. > Note: The Accommodation Levy Act 1997 (NSW) has been repealed. Historical versions of this Act could in 2019 be viewed on the New South Wales legislation website (https://legislation.nsw.gov.au). #### 220‑5.06 Alcohol excise, alcohol customs duty and alcohol excise duty The following changes are prescribed: (a) the change in the alcohol excise under the Customs Tariff Proposal No. 2 (2000); (b) the change in the alcohol excise under the Excise Tariff Proposal No. 2 (2000); (c) the change in the alcohol customs duty under the Customs Tariff Proposal No. 3 (2001); (d) the change in the alcohol excise duty under the Excise Tariff Proposal No. 4 (2001). > Note: The Customs Tariff Proposal No. 3 (2001) and the Excise Tariff Proposal No. 4 (2001) could in 2019 be viewed on the Australian Parliament House website (http://www.aph.gov.au). #### 220‑5.07 Petroleum products excise and petroleum excise duty The following changes are prescribed: (a) the change in the petroleum products excise under the Customs Tariff Proposal No. 4 (2000); (b) the change in the petroleum products excise under the Excise Tariff Proposal No. 3 (2000); (c) the change in the rate of petroleum products excise duty under the Customs Tariff Proposal No. 2 (2001); (d) the change in the rate of petroleum products excise duty under the Excise Tariff Proposal No. 3 (2001). > Note: The Customs Tariff Proposal No. 2 (2001) and the Excise Tariff Proposal No. 3 (2001) could in 2019 be viewed on the Australian Parliament House website (http://www.aph.gov.au). #### 220‑5.08 Diesel fuel rebate—change in declared rate The following changes are prescribed: (a) the change in the rate of the diesel fuel rebate declared by the Minister under subsection 164(5A) of the Customs Act 1901 in the Notice of Declared Rate in respect of Diesel Fuel Rebate, Notice No. 2 (2000); (b) the change in the rate of the diesel fuel rebate declared by the Minister under subsection 78A(5A) of the Excise Act 1901 in the Notice of Declared Rate in respect of Diesel Fuel Rebate, Notice No. 2 (2000); (c) the change in the rate of the diesel fuel rebate declared by the Minister under subsection 164(5AAC) of the Customs Act 1901 in the Notice of Declared Rate in respect of Diesel Fuel Rebate, Notice No. 1 (2000); (d) the change in the rate of the diesel fuel rebate declared by the Minister under subsection 78A(5AAC) of the Excise Act 1901 in the Notice of Declared Rate in respect of Diesel Fuel Rebate, Notice No. 1 (2000). > Note: These notices were published in Special Gazettes No. S 368 Friday 30 June 2000, No. S 376 Monday 3 July 2000 and No. S 378 Tuesday 4 July 2000. These Special Gazettes could in 2019 be viewed on the Federal Register of Legislation (http://www.legislation.gov.au). #### 220‑5.09 Diesel and alternative fuels grants scheme The introduction of the diesel and alternative fuels grants scheme under the Diesel and Alternative Fuels Grants Scheme Act 1999 is a prescribed change. #### 220‑5.10 Fuel sales grants The introduction of fuel sales grants under the Fuel Sales Grants Act 2000 is a prescribed change. #### 220‑5.11 Wholesale sales tax equivalency payments—liability to pay abolished for certain government business enterprises The abolition of the liability of State and Territory government business enterprises to pay wholesale sales tax equivalency payments is a prescribed change. #### 220‑5.12 Tourism marketing duty—abolition in Northern Territory The abolition of the tourism marketing duty in the Northern Territory, as provided for by Part 2 of the Financial Relations Agreement (Consequential Provisions) Act 2000 (NT), is a prescribed change. > Note: The Financial Relations Agreement (Consequential Provisions) Act 2000 (NT) could in 2019 be viewed on the Northern Territory legislation website (https://legislation.nt.gov.au). #### 220‑5.13 Abolition of liability to pay financial institutions duty The abolition of the liability to pay financial institutions duty, as provided for by the following laws, is a prescribed change: (a) Schedule 10 to the Intergovernmental Agreement Implementation (GST) Act 2000 (NSW); (b) Part 5 of the National Taxation Reform (Consequential Provisions) Act 2000 (Vic.); (c) Part 2 of the Financial Relations Agreement (Consequential Provisions) Act 1999 (WA); (d) Part 5 of the National Tax Reform (State Provisions) Act 2000 (SA); (e) Part 5 of the National Taxation Reform (Commonwealth‑State Relations) Act 1999 (Tas.); (f) Part 3 of the Financial Relations Agreement Consequential Amendments Act 2000 (ACT); (g) Part 5 of the Financial Relations Agreement (Consequential Provisions) Act 2000 (NT). > Note: Some of this legislation has been amended or repealed. Current and historical versions of State or Territory legislation could in 2019 be viewed on the legislation website of the State or Territory. #### 220‑5.14 Abolition of liability to pay stamp duty on quoted marketable securities The abolition of the liability to pay stamp duty on quoted marketable securities, as provided for by the following laws, is a prescribed change: (a) Schedule 2 to the Intergovernmental Agreement Implementation (GST) Act 2000 (NSW); (b) Part 7 of the National Taxation Reform (Consequential Provisions) Act 2000 (Vic.); (c) Part 5 of the GST and Related Matters Act 2000 (Qld); (d) Part 5 of the Financial Relations Agreement (Consequential Provisions) Act 1999 (WA); (e) Part 8 of the National Tax Reform (State Provisions) Act 2000 (SA); (f) Part 2 of the Financial Relations Agreement Consequential Amendments Act 2000 (ACT); (g) Part 6 of the Financial Relations Agreement (Consequential Provisions) Act 2000 (NT). > Note: Some of this legislation has been amended or repealed. Current and historical versions of State or Territory legislation could in 2019 be viewed on the legislation website of the State or Territory. ## Part 7‑3—Matters relating to the Treasury Laws Amendment (2022 Measures No. 4) Act 2023 ### Division 225—Application of amendments #### 225‑1.01 Application of amendments The amendments of this instrument made by Part 1 of Schedule 2 to the Treasury Laws Amendment (2022 Measures No. 4) Act 2023 apply in relation to supplies or payments made on or after 1 July 2021.